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Why Nike Stock Jumped Higher Today

TheMotleyFool 
0 0 24.02.25
Why Nike Stock Jumped Higher TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/fb3845ac-e3c6-43ef-86c1-b57ed8c272c4.png
 

Shares of the world's most popular athleticwear brand, (NYSE: NKE), were up 5% as of noon ET Monday, according to data provided by S&P Global Market Intelligence.

The increase is due to investment firm Jeffries raising its price target on the company to $115 per share, a 46% increase from its current price.

Nike's stock cratered 55% from its highs after the company alienated many of its product distribution partners over the last few years. Seeing initial success from its in-house Nike Direct and Nike Digital operations, the company leaned into its own sales capabilities in favor of maintaining relationships with its wholesale partners.

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Source Fool.com

Nike Inc. B Stock

€35.35
0.530%
Nike Inc. B gained 0.530% compared to yesterday.
Our community is currently high on Nike Inc. B with 71 Buy predictions and 5 Sell predictions.
With a target price of 64 € there is a hugely positive potential of 81.07% for Nike Inc. B compared to the current price of 35.35 €.
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